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July 07, 2021 - Multi-asset execution and order management systems provider FlexTrade Systems have announced today that Prime of Prime liquidity provider Equiti has chosen FlexTrade Systems’ MaxxTrader Foreign Exchange Platform Solution for their Prime of Prime Services Offering.
Sell-side FX broker dealers are now more than ever looking for single source FX trading solutions that allow them to stay ahead of the game in the fast moving and competitive FX markets. MaxxTrader will enable Equiti to provide their prime of prime customers with seamless global FX liquidity aggregation, trade execution management, and institutional trading capabilities.
Manish Kedia, Managing Director at FlexTrade said, “We are delighted that Equiti has chosen MaxxTrader as the technology partner for their global Prime-of-Prime offering. We believe with our ‘best-in-class' aggregation, pricing engine and distribution technology combined with Equiti’s deep market understanding and strong relationships, clients will get access to a unique liquidity and comprehensive prime services solution.”
Iskandar Najjar, Equiti Group CEO, said, “Equiti has spent a considerable amount of time and effort in building out global liquidity pools and extending our relationship with major global investment banks. We were looking for an institutional technology partner to take our liquidity delivery to the next level and FlexTrade’s MaxxTrader Foreign Exchange Solution was the natural partner needed to cover multiple anticipated use cases, be it credit or margin via GUI or API.”
FlexTrade's MaxxTrader is a comprehensive trading solution offering off-the shelf or white labelled Desktop, Web and Mobile apps, along with distribution on the FIX API and integration with all the major distribution channels. It covers an end-to-end workflow that includes Aggregation, Price creation, Distribution, Order Management, Margin Engine, Risk Management and Auto-hedging strategies. It has an out-of-the box Algo suite such as TWAP, VWAP and Basket trading, that can be used internally and offered directly to clients. The solution is hosted out of NY4, LD4, TY3 and SG1 data centres to ensure the low latency access to market markers for order matching and execution.
Back in May this year, [Equiti announced that it had onboarded NatWest as an additional prime broker](o facilitate Equiti Capital FX Desk’s ability to provide liquidity in FX derivatives including NDFs, forwards, swaps, vanilla and exotic options) to support its FX business, enabling Equiti Capital FX Desk’s to provide liquidity in FX derivatives including NDFs, forwards, swaps, vanilla and exotic options.
